Condo

A condo, short for condominium, is a private residence within a larger building or complex shared with other owners. Each unit is individually owned, giving the owner control over their apartment or unit, while common areas such as hallways, pools, and gyms are managed collectively by a homeowners’ association (HOA). Owners pay regular fees for the maintenance and upkeep of these shared spaces. Condos offer the benefits of property ownership and community amenities without the responsibilities of maintaining the entire building. They are popular in urban areas for convenience, security, and often, access to shared facilities.